A virtual dataroom (VDR) can be used to store sensitive or confidential data online. VDRs are often used by companies during mergers and acquisitions. Cyber-attacks are on the rise and many large companies have adopted VDR solutions in order to reduce the threat of unauthorised access. VDRs also provide a simple and secure method of sharing information with investors.

Investment bankers are the most common users of VDRs. They employ them in capital raising and M&A that require a lot of data sharing. They can also assist companies organize their data in order to recognize patterns and trends that might otherwise be missed. Despite the popularity of these large enterprise users, there are a number of small – and medium-sized independent providers that cater to the market for VDR solutions.

Alongside a broad set of features, most VDR providers offer competitive pricing structures. FirmRoom which is a provider that emphasizes total price transparency, has a customer base that includes blue-chip companies like KPMG and JPMorgan Chase. Customers should pick a solution that is dataroomphoto.com/role-of-virtual-data-room-in-the-audit-process/ suited to their needs in a field that is still in its infancy.

The report on the virtual data room of IMARC gives detailed information about market drivers, challenges and opportunities in the major regional markets. Porter’s Five Forces Analysis is also included to help stakeholders evaluate the growth potential of this sector.